Quotes from Voya Investment Management:- Brazil used to be the darling of Latin America but has stumbled in the last few years. Now Brazil is in recession and facing soaring inflation. Its investment grade bond status is threatened by its ever widening budget deficit, business confidence is near a five year low and it was the only BRIC country to experience a decrease in foreign direct investment last year. – However, the election of a new leader on Sunday could turn things around. Presidential candidate Aecio Neves is running against incumbent Dilma Rousseff. In the last 12 years many Brazilians have risen out of poverty under her Worker’s Party rule, but in the years under her direct oversight growth in Brazil has fizzled, averaging less than 2 percent per year. Neves is known to be extremely pro-business. – Similar to the election of Narendra Modi in India, this could be the spark Brazil badly needs.
The material has been provided by InstaForex Company – www.instaforex.com